CIMAPRA19-F01-1 Exam - Topic 2 Question 2 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam

Question #: 2
Topic #: 2

Which of the following does the phrase 'events after the reporting period' refer to?

AMaterial events which occur between the statement of financial position date and the date on which the financial statements are approved

BMaterial events which occur after the release of the statement of financial position

CMaterial events which occur before the statement of financial position date

DMaterial events which occur between the income statement date and the statement of financial position date

Show Suggested Answer

Suggested Answer: A

by Clorinda at May 05, 2022, 10:00 AM

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Mabel

4 months ago

C is totally off, it’s not before the date!

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Trevor

4 months ago

B seems plausible too, but I think it’s A.

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Brent

4 months ago

Wait, is it really just between the reporting date and approval?

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Otis

4 months ago

I agree, A is the correct choice.

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Tien

5 months ago

Definitely A! That's the standard definition.

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Glennis

5 months ago

This question seems straightforward. I'll carefully read through the options and think about which one would not benefit from a prospective review.

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Ricki

5 months ago

I feel like I've seen a similar question where they asked about blockchain nodes versus simulations. I think Go-Ethereum provides a real blockchain environment?

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